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Payment Methods Guide

If you are an avid online casino player, there are so many ways to deposit funds into your account and withdraw your winnings after a good day. Here are some of the different options that you have, with each of their pros and cons to help you decide which would work best for you.

Payment Method Details

For Visa:

visaPros:

  • Can be used both for payments and for withdrawals;
  • Has maximum limit for payments.

Cons:

  • Cannot be used for online gambling in the US unless a VPN is used;
  • Some online casinos could enforce a minimum amount when using Visa as a method of payment;
  • Risk of identity theft and fraud as credit card information is directly given to the online casino.

Transfer Time: Instant.

Min-Max Transfer: Depends on the casino.

Additional Fees: None

For in-depth Visa Guide, click here.

For MasterCard:

mastercardPros:

  • Rewards earned for every purchase.

Cons:

  • Can only be used for payments, not for withdrawals;
  • Absence of a maximum limit which means spending is harder to control;
  • Risk of identity theft and fraud as credit card information is directly given to the online casino.

Transfer Time: Instant

Min-Max Transfer: None

Additional Fees: None

For in-depth MasterCard Guide, click here.

For PayPal:

paypalPros:

  • Allows both payments and withdrawals;
  • Better security as there is no need to send your credit card or banking information to the online casino because all transactions are done through PayPal’s secure payment portal.

Cons:

  • Not accepted by some online casinos as a method of payment or withdrawal;
  • The need for a credit or debit card linked to your account, and not just a bank account, because only verified PayPal accounts can be used with online casinos;
  • Additional charges for withdrawals from PayPal to your bank account, depending on the amount you are withdrawing even though withdrawals from online casinos to PayPal is free;
  • 3 to 5 days waiting time for the amount to appear in your bank account;
  • Cannot be used in US, Canada and Israel for online gambling.

Transfer Time: Instant

Min-Max Transfer: None

Additional Fees: For Multiple currency transactions – 2,5%. For deposits from debit and credit cards depending on the amount of money, from 4,9% + $0,30. Withdrawals are free of charge. Also exists fast withdrawal option for £5,00 (one time fee).

For in-depth PayPal Guide click here.

 For Ukash:

ukasPros:

  • Safest payment method for online casinos because it only requires you to submit a 19-digit voucher code and no personal information is required;
  • Better control over spending as you can only spend the amount of vouchers that you have;
  • Allows you to split, combine, and convert your Ukash codes for better payment management to online casinos with your Ukash account.

Cons:

  • Cannot be used to make withdrawals;
  • Not as widely accepted as a method of payment;
  • The need for you to be near a Ukash outlet where you can buy vouchers from.

Transfer Time: Instant

Min-Max Transfer: Up to £500

Additional Fees: None

For in-depth Ukash Guide, click here.

For Skrill:

skrill-moneybookersPros:

  • Accepts both payments and withdrawals;
  • Can be funded by almost any credit card, debit card, bank transfer, and other options;
  • Funding Skrill through bank transfer is free of charge;
  • Accessible through a mobile app aside from the web portal;
  • Instant withdrawal from online casino to a Skrill account;
  • Better security because transactions are done through Skrill’s secure portal and there is no need to submit your credit card information to the online casino.

Cons:

  • Up to 3 business days (sometimes even longer) waiting period for withdrawals from Skrill to your bank account;
  • Not accepted by some online casinos as a method of payment;
  • Requires additional verification after sending or receiving $2,500 worth of payments which can be a tedious process;
  • Cannot be used for gambling if you are in the US, China, Malaysia, Turkey or Israel.

Transfer Time: Up to 3 days

Min-Max Transfer: Up to £500

Additional Fees: No fees, only if you use Mastercard debit card (annual fee around $10 and ATM charges)

For in-depth Skrill Guide, click here.

 For NETeller:

netellerPros:

  • Accepts credit cards or debit cards to fund your account;
  • No charges when used in online poker rooms;
  • Better security as it only requires an email and a password to log in and does not require you to submit credit card information;
  • Bonus funds from some online casinos for players that use NETeller as a payment method.

Cons:

  • Does not allow you to withdraw funds to your credit or debit card. Only through the Net+Prepaid Card, Bank Transfer, Cheque, Member wire and Bank Draft directly to the Neteller account;
  • Can cost around $15 to $20 in some casinos to withdraw using NETeller;
  • Cannot be used if you are in the US, Canada, Israel, Macau and Hong Kong.

Transfer Time: 2-4 business days

Min-Max Transfer: deposit – €10, withdrawal – €20

Additional Fees: 1.75% credit card top-ups

For in-depth Neteller Guide, click here.

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